Sudan to get $300m Egypt grant for key projects
Cairo, July 11, 2010
Egypt said on Sunday it will give the government of South Sudan $300 million for water and electricity projects as it seeks to build good will among countries along the Nile, the source of almost all of its water.
Egypt and Sudan are on a collision course with a number of African states who in May signed an agreement to alter historic Nile water sharing arrangements. Egypt and Sudan have both rejected the agreement.
'In continuation of Egypt's successful move towards Nile Basin states, especially Sudan, the Egyptian government has allocated over $300 million as a non-refundable grant to the South Sudan government,' Water Resources and Irrigation Minister Mohamed Nasreddin Allam told Reuters.
The grant will be used for building potable water complexes, drilling 30 wells for underground water, setting up river ports and upgrading electricity and water networks, he said.
South Sudan has a separate government and will vote in January whether to become a separate state. It has not staked out an independent position on the new Nile basin agreement.
Egypt, already threatened by climate change, is closely watching hydro-electric dams in East Africa. The river is vital for all nine countries through which it flows.
The original colonial-era agreement gives Egypt the power to veto dams and other water projects in upstream countries. Those states, desperate for development and access to more water to support economic growth levels, say that is unfair.-Reuters
More Government & Laws Stories
- Qatar denies Syria 'contact'
- Iran to take part in security forum
- GCC security bolstered by Royal grant
- Egypt to pay $1.5bn arrears to foreign oil firms
- Charles Russell opens Qatar office
- Egypt delays decision on $4.8bn IMF loan
- UAE, Netherlands sign investments deal
- Iran sees no big 2014 oil exports recovery
- Egypt ‘returned $500m deposit to Qatar’
- Bill to scrap expat levy is rejected